viewMacarthur Minerals Ltd

Macarthur Minerals lodges haul road and rail-siding applications supporting potential early revenue DSO operation

The company is examining the opportunity to accelerate operations for the mining of direct shipping ore from hematite deposits with the objective of generating early revenue.

Macarthur Minerals Ltd - Macarthur Minerals lodges applications for haul road and rail-load tenure; supporting DSO mining potential at Lake Giles
Macarthur will work towards completing environmental surveys of the road alignment to progress environmental permitting

Macarthur Minerals Ltd (ASX:MIO) (CVE:MMS) (OTCMKTS:MMSDF) is examining early revenue opportunities for Lake Giles Iron Project in Western Australia and has lodged applications to develop a 93-kilometre haul road to a proposed rail siding adjacent to the Perth-Kalgoorlie rail line.

The proposed road and siding would provide the opportunity for the transport of iron ore from the project in the state's Yilgarn region by rail to Esperance Port or the Port of Kwinana as well as support potential for early revenue direct shipping ore (DSO) mining.

These applications have been lodged with the WA Department of Mines, Industry, Regulation and Safety (DMIRS).

Route-to-market infrastructure a core focus

Macarthur president and executive chairman Cameron McCall said: “Defining route-to-market infrastructure has been the core focus for the company throughout 2020.

“Completion of the Lake Giles Iron Project Feasibility Study will require Macarthur to have engineering designs and tenure for a haul road from the Lake Giles Iron Project to a rail siding with access to the existing rail network.

“This step signals another positive step forward in the development of the flagship magnetite resource.”

Macarthur is also examining the opportunity to accelerate operations for the mining of DSO at its Ularring hematite deposits with the objective of generating early revenue flows.

Development of the haul road and rail siding infrastructure has the potential to facilitate this, in addition to supporting development of the flagship Moonshine magnetite resource, where a feasibility study is being progressed.

Road supports hematite mining

Covered by Miscellaneous Licence Application (L16/133), the haul road extends over 93 kilometres from the Moonshine magnetite deposit to the Perth to Kalgoorlie rail line.

Macarthur is working towards completing environmental surveys of the road alignment to progress environmental permitting.

McCall added: “The proposed haul road and rail siding also creates the opportunity to support stage-1 hematite mining operations at Lake Giles ahead of the commencement of stage-2 commercial magnetite mining operations.

“The board considers that advancing early-revenue generating operations would support re-rating of Macarthur as a producer and will complement the announced pathway for the development of its flagship high-grade Moonshine magnetite resource at Lake Giles.”

Rail siding

Covered by Exploration Licence Application (E15/1775) and Miscellaneous Licence Application (L15/409), the loadout offers the flexibility for eastbound rail haulage to the Port of Esperance or westbound haulage to the Kwinana Bulk Terminal south of Perth.

Macarthur will now progress with a Crown Lease over the area to facilitate the construction of the rail loop from the main rail line and will work with rail service providers to optimise the design of the rail siding infrastructure.

Quick facts: Macarthur Minerals Ltd

Price: 0.545 AUD

Market: ASX
Market Cap: $55.78 m

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